Live Nation Entertainment is set to meet with senior Justice Department officials in the coming weeks in an effort to avoid a potential antitrust lawsuit to break up the company, but Justice Department staff have recommended a suit against Ticketmaster, Live Nation’s ticketing arm, people familiar with the matter told Bloomberg’s Leah Nylen. Final decision maker Jonathan Kanter doesn’t favor settlements, especially not in this case, added the sources, according to the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Shopify upgraded, SolarEdge downgraded: Wall Street’s top analyst calls
- Live Nation upgraded to Buy from Neutral at Redburn Atlantic
- Live Nation price target raised to $121 from $120 at Deutsche Bank
- Early notable gainers among liquid option names on May 3rd
- Live Nation Entertainment Reports First Quarter 2024 Results